A Major Reason for the Development of Money Market Mutual

Multiple Choice

A major reason for the development of money market mutual funds in the 1970s was that:

A) open-market operations were suspended.
B) bank deposit rates were capped at levels below market interest rates.
C) money market funds offered more flexible checking privileges than banks.
D) they were considered to be safer than banks.
E) money markets did not exist until 1970.